Data Center Global Market Comparison
As construction of new product reaches 2.9 GW (up from 1.6 GW in 2019 and mostly spoken for), Cushman & Wakefield has released a Data Center Global Market Comparison highlighting which markets are demonstrating the factors data centre investors, owners, operators and occupiers value, and which markets are rising through the ranks. Europe has two markets in the overall top 10 – London and Amsterdam.
While demand of data centres has been increasing for a number of years, the COVID-19 pandemic and the resulting reliance upon cloud services has catapulted data centre demand amongst occupiers and investors alike to new levels and has resulted in a highly competitive marketplace, particularly in established markets. With the shift to cloud services likely to continue and further optimise, increasing land values, limited power availability, data centre construction moratoriums and fibre connection latency demands in some established markets is also unlocking activity in emerging locations.
Topping Cushman & Wakefield’s overall global data centre index is Northern Virginia, Chicago follows in second place, and Sydney rounds out the podium. The world's top ten data center markets also include Silicon Valley, Singapore, Dallas, London, Seattle, New York / New Jersey, Amsterdam.